Ontvang nu dagelijks onze kooptips!

word abonnee
Van beleggers
voor beleggers
desktop iconMarkt Monitor

BioPharma« Terug naar discussie overzicht

O2Diesel - Deel 2

1.760 Posts
Pagina: «« 1 2 3 4 5 6 ... 88 »» | Laatste | Omlaag ↓
  1. [verwijderd] 18 januari 2007 18:08
    SECTION 1 -- REGISTRANT'S BUSINESS AND OPERATIONS

    Item 1.01 Entry into a Material Definitive Agreement

    On January 12, 2007, O2Diesel Corporation (the “Company”) entered into a share exchange agreement (the “ Agreemen t”) with ProEco Energy Company, Inc. (“ ProEco ”) and its shareholders (“ ProEco Shareholders ”) to acquire shares equal to 80% of the outstanding capital stock of ProEco in exchange for approximately 9.2 million shares of the Company's common stock (the “ Transaction Shares ”) valued at $ $0.872 per share for a total purchase price of $8.0 million.

    ProEco is in the process of developing a new fuel-grade ethanol plant (the “Ethanol Plant”) with planned capacity of 100 million gallons per year to be built in two 50 million gallon trains (each a “ Train ”). ProEco Shareholders will receive 60% of the Transaction Shares at the time of the closing and will receive the remaining 40% of the Transaction Shares in two equal installments upon the completion of construction of the first Train (20%) and the commencement of construction on the final Train (20%). The remaining 40% of the Transaction Shares are being held in escrow until the conditions for their release have been met. The parties intend the transaction to qualify as a tax-free reorganization under Section 368(a) of the U.S. Internal Revenue Code of 1986, as amended.

    The share exchange agreement requires ProEco to complete a number of steps toward completion of the Ethanol Plant project in order for the closing of the share exchange to occur. At the time of the closing, ProEco must have entered into a definitive engineering, procurement and construction contract with a reputable firm with extensive experience in implementing and completing projects similar to the Ethanol Plant project and executed marketing agreements for the sale of the production of the Ethanol Plant. Under the terms of the share exchange agreement, ProEco is responsible for having the Ethanol Plant designated as a facility nameplated, or certified, as producing ethanol at a level of at least 100 million gallons of production a year.

    As a condition to the closing of the ProEco share exchange, the Company is obligated to secure the financing necessary to complete the construction costs to build the Ethanol Plant. Accordingly, the Company anticipates raising between $120 to $140 million in debt and between $60 to $80 million in equity in two tranches in 2007.

    Prior to closing, the Company and the ProEco Shareholders will enter into a stockholder agreement that will, among other things, impose restrictions on the transfer of the Transaction Shares.

    The Common Stock will be issued to the ProEco Shareholders in a transaction that will be exempt from the registration requirement pursuant to Section 4(2) of the Securities Act and under Regulation D promulgated under the Securities Act.

    A copy of the Agreement will be filed with the Company's Form 10-KSB on or around March 30, 2007. A copy of the Company's January 18, 2007 Press Release announcing the transaction is filed hereto as exhibit to this report and is also incorporated herein by reference.

    -2-




    SECTION 3 -- SECURITIES AND TRADING MARKET

    Item 3.02 Unregistered Sales of Equity Securities

    The disclosures required to be provided herein is incorporated by reference to Item 1.01 above.

    SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

    Item 9.01. Financial Statements and Exhibits.

    (d) Exhibits:

    Exhibit No. Description

    99.1 Text of Press Release, issued by O2Diesel Corporation on January 18, 2007.

    -3-



    S I G N A T U R E

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    O2DIESEL CORPORATION




    By: /s/ Alan R. Rae


    Alan R. Rae
    Chief Executive Officer

    Date: January 18, 2007

    -4-


  2. [verwijderd] 18 januari 2007 18:09
    "As a condition to the closing of the ProEco share exchange, the Company is obligated to secure the financing necessary to complete the construction costs to build the Ethanol Plant. Accordingly, the Company anticipates raising between $120 to $140 million in debt and between $60 to $80 million in equity in two tranches in 2007.
    "

    hoe gaan ze dat financieren?
  3. [verwijderd] 18 januari 2007 18:15
    quote:

    vanhattum schreef:

    Ik snap sowieso nooit zoveel van die berichten.
    Dus hoe de financiering gaat al helemaal niet.
    Hoop maar één ding, omhoog met die hap.

    gr.lennard
    ze nemen dus ethanolproductiebedrijf voor 80% over ->zeer gunstig.. MAAR

    met belofte de rest te financieren van die fabriek.. maw andere bedrijf kreeg financiering niet rond, otd denk dat wel te lukken
  4. [verwijderd] 18 januari 2007 18:18
    Jep het wordt er op of eronder. OTD weet dat het tijd is om productie te draaien. Alles of niets?
    Er is om meerdere paarden gewed. Er zal toch iets spoedig moeten gebeuren. Ik ben benieuwd hoe de markt hierop zal reageren.

    Ik had zelf op iets beter gehoopt. Spoedig zullen we horen hoe ook deze financiering zal worden opgevuld.

    Greetz Nathantheone
  5. [verwijderd] 18 januari 2007 19:08
    Ja, ja en ja. Het was een spelletje maar wat een volume 1618K !!!!

    En we zijn even door de weerstand gegaan. Als het nieuws goed valt (later) dan gaan we door en anders is het steeds weer hetzelfde liedje. Snel verlaten op het hoogste punt en laag weer instappen. Manipulatie tot en met.

    Komen we misschien vanavond toch op die 2000k uit hihi

    Greetz Nathantheone
  6. [verwijderd] 18 januari 2007 19:33

    Gekocht op 0,89 met speculatie op volgende week

    ---------------------
    January 17, 2007 - 2:08 PM

    Bush readies speech on ethanol, climate change

    By Chris Baltimore

    WASHINGTON (Reuters) - U.S. President George W. Bush's annual speech to Congress next week is likely to call for a massive increase in U.S. ethanol usage and tweak climate change policy while stopping short of mandatory emissions caps, sources familiar with White House plans said on Tuesday.

    Bush's annual State of the Union address is expected to touch on key energy policy points, after Bush made the surprise pronouncement during last year's address that the United States is addicted to Middle East crude oil supplies.

    A rising focus on "energy security" by both the Bush administration and Congress has added momentum to efforts to employ home-grown fuel sources like ethanol to reduce U.S. dependency on oil imports.

    Following that theme, Bush is likely to call for more U.S. usage of home-grown supplies of ethanol, the sources told Reuters on condition of anonymity.

    Iowa, which grows more corn than any other U.S. state, is also a key stop for candidates in the upcoming 2008 presidential elections. Ethanol is made from agricultural products like corn.

    One source briefed by White House officials said Bush's speech on January 23 could call for over 60 billion gallons (227 billion litres) a year of ethanol to be mixed into U.S. gasoline supplies by 2030.

    That would be a massive increase from the 7.5 billion gallons (28.4 billion litres) of ethanol use by 2012 required by current U.S. law.

    "I think it's going to be a big number," the source said on condition of anonymity. "It's in the ballpark of even above 60 billion (gallons) by 2030."

    A White House spokesman declined to comment on the details of the speech.

    POLICY ON GLOBAL WARMING

    The White House on Tuesday confirmed that Bush's speech will outline a policy on global warming, but said Bush has not dropped his opposition to mandatory limits on heat-trapping greenhouse-gas emissions.

    Some industry officials and media reports speculated that Bush would agree to mandatory emissions caps in an effort to combat global warming, reversing years of opposition to mandatory caps. But the White House denied this.

    "If you're talking about enforceable carbon caps, in terms of industry-wide and nationwide, we knocked that down. That's not something we're talking about," White House spokesman Tony Snow said at Tuesday's media briefing.

    Delaware Democrat Joseph Biden, chairman of the Senate Foreign Relations Committee, and Sen. Richard Lugar of Indiana, the panel's senior Republican, introduced a nonbinding resolution calling for the United States to return to international negotiations on climate change.

    "It is critical that the international dialogue on climate change and American participation in those discussions move beyond the disputes over the Kyoto Protocols," Lugar said in a statement.

    Britain's "The Observer" reported on Sunday that unnamed senior Downing Street officials said Bush was preparing to issue a changed climate policy during the State of the Union.

    U.S. allies like Britain and Germany have pressed for a new global agreement on climate change to replace the Kyoto Protocol that expires in 2012. Bush withdrew the United States from the protocol in 2001, saying its targets for reducing carbon emissions would unfairly hurt the U.S. economy.

    The speech is a moving target and White House officials are known to make last-minute tweaks.

    Last year, White House political advisors added the "addicted to oil" remarks hours before Bush spoke.

    Investors hope Bush will embrace biofuels in his speech.

    "I would like him to set a very aggressive target for renewable fuels," top Silicon Valley venture capitalist Vinod Khosla told the Reuters Global Biofuel Summit on Tuesday.

    (Additional reporting by Caren Bohan in Washington and Mary Milliken in Los Angeles)

  7. [verwijderd] 18 januari 2007 19:42
    volgende week dus boost voor alt energy stock!!!!

    One source briefed by White House officials said Bush's speech on January 23 could call for over 60 billion gallons (227 billion litres) a year of ethanol to be mixed into U.S. gasoline supplies by 2030.

    That would be a massive increase from the 7.5 billion gallons (28.4 billion litres) of ethanol use by 2012 required by current U.S. law.

    "I think it's going to be a big number," the source said on condition of anonymity. "It's in the ballpark of even above 60 billion (gallons) by 2030."

1.760 Posts
Pagina: «« 1 2 3 4 5 6 ... 88 »» | Laatste |Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met je emailadres en wachtwoord.